GE Antares, a unit of GE Capital, announced today that it is serving as
administrative agent on a $166 million multi-currency, cross-border
credit facility to support the acquisition of Luminator Technology
Group, LLC by Audax Group. GE Capital Markets served as joint lead
arranger and joint bookrunner on this facility.
“GE has led the financing for many of Audax’ platform investments. Their
reliable execution, spirit of partnership and creative financing
solutions make them a trusted partner to Audax and our portfolio
companies,” said Geoff Rehnert, co-chief executive officer of Audax
Group.
Headquartered in Plano, Texas, Luminator Technology Group is a leading
global designer and manufacturer of engineered display, lighting, and
passenger communication systems that illuminate, inform and improve the
experience of bus, rail, and aerospace passengers worldwide. The company
serves municipal transportation systems, OEMs and their suppliers
throughout the world.
“GE Capital was able to provide value to Audax in its ability to deliver
commitment certainty, cross-border capabilities, and speed to close on a
complex transaction,” said John Goodwin, managing director of GE
Antares, “We look forward to supporting Luminator as the company
continues to grow, both domestically and abroad.”
About Audax Group
Audax Group, founded in 1999, is a leading investor in lower-middle
market companies. With offices in Boston, New York and Menlo Park, Audax
has over $5 billion in assets under management in its private equity,
mezzanine and senior debt businesses. For more information, please refer
to www.audaxgroup.com.
About GE Antares Capital
GE Antares is a unit of GE Capital. We are builders, not bankers. With
offices in Atlanta, Chicago, Los Angeles, New York, and San Francisco,
GE Antares is a leading middle market lender, offering a “one-stop”
source for GE’s lending and other services offered to middle market
private equity sponsors. GE Antares was recognized by Private Debit
Investor and Private Equity International as 2013 Lender of
the Year, North America and Mid-Cap Lender of the Year, North America,
respectively. For more information, visit geantares.com.
GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit www.gecapital.com
or follow company news via Twitter (https://twitter.com/GECapital).
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company's website at www.ge.com
Copyright Business Wire 2014